I will be in Orlando tomorrow for the Money Show I will be there Wednesday and Thursday returning Friday I have several speaking events, a couple of workshops If you're in the Orlando area, come by, it's free to register online You can pick up your badge on site We'll have a booth in the exhibit all, you can come by and meet some EuroPac employees We look forward to seeing clients and listeners Last week I spoke about President Trump and his weak dollar policy He thinks the dollar is too...
The month of January came to an end, and it didn't play out the way most people believed it would Remember when the year began, everybody was optimistic on the U.S. dollar Remember I said that it was the most crowded trade It was just like gold the year before Everybody was convinced that now that Trump was President we were going to have all this fiscal stimulus The Fed was going to be tightening rates more aggressively The dollar had no place else to go but up; Everybody started the year...
Earlier this morning we got the first look at Q4 GDP As I suggested on the last podcast, in fact as I have been saying all along We did see a sharp decline from the Q3 3.5% GDP The consensus was for a 2.2% estimate for growth in Q4 And we came in at 1.9% Quite a way below estimates and psychologically below the 2% number Part of the reason was a big drop in exports I talked about this last quarter One of the reasons we got that 3.5% jump in Q3 GDP Was the big surge in soybean exports,...
This is my first day back in Puerto Rico I spent the last several days in Vancouver, BC at the Cambridge House Resource Investment Conference It was very well attended; twice the number of people I think it’s a good sign that we’re starting to see some interest now Remember it was exactly a year […]
The post Dow 20,000: Milestone or Bubble? – Ep. 223 appeared first on Schiffradio.com.
Short and not-so-sweet. Maybe that’s how you would describe President Trump’s inaugural speech Which, I think was the briefest since Jimmy Carter But now, Donald J. Trump is the 45th President of these United States I did in general like his speech; I agree with much of what Donald Trump had to say Talking about […]
The post Will Trump Change the Game Or The Players? – Ep. 222 appeared first on Schiffradio.com.
As I said on a prior podcast, this could be the first Presidential Honeymoon to end before the marriage officially begins Donald Trump will not be sworn in until Friday Yet the Honeymoon already appears to be over for the Trump Trade The dollar continues to decline again today; gold continues to rise Confounding the […]
The post Trump Honeymoon Ends Before Marriage Begins – Ep. 221 appeared first on Schiffradio.com.
It’s Friday the 13th and it is a Friday before a 3-day holiday weekend Monday, of course is Martin Luther King Day The stock market will be closed in observance of the holiday Once again, I guess Friday the 13th was bad luck for those hoping for Dow 20,000 In fact, the Dow finished the […]
The post Government Can’t Do Anything Right – Ep. 220 appeared first on Schiffradio.com.
The NFIB Index of Small Business Optimism in the month of December, so this is post the election of Donald Trump Shot up from 98.4 in November to 105.8 This is the highest level in 12 years – since before Obama was President And it’s the biggest monthly jump in 37 years You have to […]
The post Will Trump Follow Obama In His Failure To Deliver? – Ep. 219 appeared first on Schiffradio.com.
Yesterday we got the final jobs report of the Obama era, We got the December Non-Farm Payroll. Now technically, when we get the January number, the first Friday of February, Half of that would have been during the Obama presidency, But because we won’t get the official news until the Trump presidency, I’m sure that […]
The post Obama Hands Trump Huge Bubble – Ep. 218 appeared first on Schiffradio.com.
This is another big week for economic data; it is a holiday-shortened week On Friday we get the big Non-Farm Payroll report If it’s a good number, somehow Donald Trump will try to take credit for it, as he has for the rise in the stock market But I think that the job numbers, while […]
The post Bitcoin Again Approaches Parity with Gold – Ep. 217 appeared first on Schiffradio.com.
The Dow 20,000 party is going to have to wait until 2017 Although I wouldn’t necessarily buy a ticket for January The selloff that started this week may resume in the first week of the new year The dow rang out the old year with a 57-point loss to cap a losing week Probably the […]
The post Hollywood Minimum Wage Hypocrisy – Ep. 216 appeared first on Schiffradio.com.
The Dow 20,000 party is going to have to wait – at least for another day The Dow was down a little bit today – 23 to 19,918 The broader market was a bit weaker than the Dow The markets continue to shrug off very weak economic news that came out throughout the day We […]
The post Ep. 215: Irrational Exuberance Trumps All appeared first on Schiffradio.com.
On Wednesday, the Federal Reserve did exactly what they did last year They waited until the last possible meeting to nudge the Federal Funds rate by 1/4 of 1% So now, after 2 years of tightening, the lower bound of the Fed’s range has gone from zero to 1/2 of 1% Now Janet Yellen said […]
The post Fed Fakes Confidence With Another Dec. Quarter Point Rate Hike appeared first on Schiffradio.com.
It’s been a while since my last podcast and I’ve gotten quite a few emails from people wondering what happened to me I was out of the country for about a week, and I did manage to get one podcast off from my hotel room But when I got back, I was backed up with […]
The post A Candidate’s Bubble Is a President-Elect’s Bull Market – Ep. 214 appeared first on Schiffradio.com.
The Trump fantasy rally continued today, of course the big irony here is that all of the stock traders who were so worried about a Donald Trump presidency Now, he’s Ronald Regan re-incarnated They’re partying like it’s 1983 – when Regan first stepped in the market had a very difficult couple of years We went […]
The post QE4 Is Going To Be Huge – Ep. 213 appeared first on Schiffradio.com.
The Dow Jones is in record territory, closing above 19,000; they’re already starting to talk Dow 20,000 now The markets are euphoric All the traders who were so convinced that President Trump would be a disaster for the stock market, now think it’s a boom for the stock market It shows you how fickle investors […]
The post Trumped Up Irrational Exuberance Continues – Ep. 212 appeared first on Schiffradio.com.
The stock market continues to ride the Trump wave to new highs, in fact the Russell 2000 hit an all-time record high today The enthusiasm for stocks not being dampened by the carnage in the bond market We now have the yield on the 10-year treasury up at around almost 2.3 And the yield on […]
The post Yellen’s Remarks Cause Markets To Anticipate The Impossible – Ep. 211 appeared first on Schiffradio.com.
What a difference a day makes Between Tuesday evening, when the markets first began to realize that Donald Trump was going to win the election and the predictions of collapsing stocks and soaring gold prices appear to be taking hold Because at one point the Dow was down about 800 points and gold was up […]
The post Fiscal Stimulus Impossible Without Monetary Stimulus To Finance It – Ep. 210 appeared first on Schiffradio.com.
It is Wednesday, November 9, 2016, one day following one of the biggest political upsets in U.S. political history As Donald Trump shocked everybody by defeating Hillary Clinton Hillary Clinton was supposedly the most qualified person ever to seek the U.S. Presidency, and Donald Trump had no experience whatsoever And the establishment had already sworn […]
The post Making America Great Again Will Be Much Harder Than Voters Think – SchiffReport appeared first on Schiffradio.com.